Minneapolis vs Omaha
Minneapolis, MN · Omaha, NE
Omaha is 13% cheaper than Minneapolis overall.
Home Price
Minneapolis: $330,000
Omaha: $260,000
Monthly Rent
Minneapolis: $1,114/mo
Omaha: $941/mo
COL Index
Minneapolis: 105
Omaha: 91
Median Income
Minneapolis: $80,600
Omaha: $68,200
Side-by-Side Comparison
Median Home Price
Monthly Rent (Median)
Median Household Income
Property Tax Rate
Cost of Living Index
100 = national average
Avg. Commute
Unemployment Rate
Median Age
What This Means For You
Buying Power
A $100,000 salary in Minneapolis has the same purchasing power as $86,667 in Omaha — based on each city's cost of living index.
Housing
Homes in Omaha cost 21% more (-$70,000 extra). Expect a larger mortgage and down payment.
Renting
Renting in Omaha saves you $173/month — $2,076 per year. Median rent: $1,114/mo in Minneapolis vs $941/mo in Omaha.
Property Taxes
On a median-priced home, Minneapolis owners pay roughly $3,630/year in property taxes vs $4,160/year in Omaha. That's a $530 annual difference.
Local Earnings
Median household income is $80,600 in Minneapolis and $68,200 in Omaha. Omaha residents earn 15% more — but remember to factor in cost of living.
Daily Commute
Average commute is 25 minutes in Minneapolis vs 21 minutes in Omaha. Commute times are nearly identical.
Salary Equivalence
To maintain the same lifestyle when moving from Minneapolis to Omaha, here's the salary you'd need:
| Salary in Minneapolis | Equivalent in Omaha | Difference |
|---|---|---|
| $50,000 | $43,333 | -$6,667 |
| $75,000 | $65,000 | -$10,000 |
| $100,000 | $86,667 | -$13,333 |
| $150,000 | $130,000 | -$20,000 |
| $200,000 | $173,333 | -$26,667 |
* Calculated using cost of living indices (national average = 100). Does not account for state income tax differences.
Run the Numbers
Mortgage Calculator
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Rent vs Buy
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Cost of Living
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Home Appreciation
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Affordability Calculator
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Property Tax Calculator
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Minneapolis Calculators
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Minneapolis vs Omaha: Common Questions
Is Minneapolis or Omaha cheaper to live in?
Based on cost of living indices, Omaha is cheaper overall. Minneapolis has a COL index of 105 while Omaha scores 91 (national average = 100).
How do home prices compare between Minneapolis and Omaha?
The median home price in Minneapolis is $330,000 vs $260,000 in Omaha — a difference of $70,000 (21%).
What salary do I need in Omaha to match my Minneapolis income?
Use the salary equivalence table above. For example, a $100K salary in Minneapolis is equivalent to $86,667 in Omaha in terms of purchasing power.
Which city has lower property taxes?
Minneapolis has a lower property tax rate (1.1% vs 1.6%). On a median-priced home, that means paying $3,630/year vs $4,160/year.
Cost of living data sourced from Council for Community and Economic Research (C2ER) Cost of Living Index, U.S. Census Bureau American Community Survey, and Zillow Research. Tax rates from Tax Foundation and state revenue agencies. Last updated: March 2025.